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"Based on one quantitative approach, Ether's fair value appears closer to $1,000 or 46% lower than current prices ($1,856). While we do not necessarily predict such a decline, there is a zero-cost way to position for this decline (zero-cost, but not zero-risk)," Thielen wrote in an email. Source
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“Despite bitcoin's fall below $30,000, there is a conspicuous lack of $30,000 call [option] selling from bearish traders,” Lyn said. “This suggests they don't foresee the $30,000 level transforming into significant resistance, at least in the near term.” Source
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"Predictably, the crypto market has become very quiet during these summer weeks. This has caused trading volumes and volatility to fall markedly. Investors might be well advised to replace their bitcoin spot with Bitcoin options, notably upside calls, as lower volatility has made option prices cheaper," Markus Thielen, head of
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Next week’s U.S. central bank interest rate decision and the bitcoin options expiry are unlikely to move markets, which have been stuck for weeks. Source
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This week’s Bitcoin (BTC) options' expiry on Friday, July 21 could solidify the $30,000 resistance level and give the bears the upper hand for the first time since the 21% rally between June 14 and June 21.Bitcoin options expiries coincide with volatilityA review of Bitcoin’s recent price action shows that three
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"Only about a third of the open options positions in the market are puts, highlighting that crypto markets remain biased, as they have for a long time, towards calls," Lawrence Lewitinn, a director at The Tie, wrote in Wednesday's edition of the newsletter. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Financial market investors are increasingly turning to risk-defined derivative instruments, as evidenced by the surge in demand for bitcoin options contracts, with open interest nearing its all-time high. On-chain data reveals distinct bitcoin market signatures According to Glassnode,
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The expiry was pivotal, considering market makers in BTC options were "long gamma" and could have added to spot price moves with their hedging activities. The largest cryptocurrency by market value, however, traded listlessly between $30,000 and $31,000 in days leading up to the settlement and remained locked in the
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At press time, the ETH-BTC DVOL spread stood at -2.5, having hit a three-year low of -7.8 last week, according to data source Amberdata. Implied volatility, or IV, represents traders' expectations for price turbulence over a specific period and is positively impacted by the demand for options. A call option
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Meanwhile, bitcoin’s price as the market approaches Friday’s expiry of bitcoin options contracts could fuel an additional price increase, or send it spiraling in the immediate aftermath. “If bitcoin builds momentum above $30,000 as expiry approaches, dealers will buy the cryptocurrency in the spot and futures markets,” CryptoX Co-Managing Editor
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